Christopher P. Comparato - Dec 10, 2024 Form 4 Insider Report for Toast, Inc. (TOST)

Role
Director
Signature
/s/ Monica Kleinman, as Attorney-in-Fact for Christopher P. Comparato
Stock symbol
TOST
Transactions as of
Dec 10, 2024
Transactions value $
$0
Form type
4
Date filed
12/12/2024, 04:42 PM
Previous filing
Nov 22, 2024
Next filing
Dec 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOST Class A Common Stock Conversion of derivative security $0 +40K +28.08% $0.00 182K Dec 10, 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TOST Class B Common Stock Conversion of derivative security $0 -40K -2.01% $0.00 1.95M Dec 10, 2024 Class A Common Stock 40K Direct F1, F2
transaction TOST Stock Option (Right to Buy) Other $0 -635K -100% $0.00 0 Dec 10, 2024 Class B Common Stock 635K $1.52 Direct F1, F3, F4
transaction TOST Stock Option (Right to Buy) Other $0 +635K $0.00 635K Dec 10, 2024 Class A Common Stock 635K $1.52 Direct F1, F3, F4
transaction TOST Class B Common Stock Gift $0 -270K -4.21% $0.00 6.15M Dec 10, 2024 Class A Common Stock 270K By the Comparato Family Holdings Trust dated July 27, 2018 F2, F5
transaction TOST Class B Common Stock Gift $0 +90K +45% $0.00 290K Dec 10, 2024 Class A Common Stock 90K SCC Irrevocable Trust F2, F5
transaction TOST Class B Common Stock Gift $0 +90K +45% $0.00 290K Dec 10, 2024 Class A Common Stock 90K CEC Irrevocable Trust F2, F5
transaction TOST Class B Common Stock Gift $0 +90K +45% $0.00 290K Dec 10, 2024 Class A Common Stock 90K EAC Irrevocable Trust F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the voluntary conversion of Class B Common Stock on a one-for-one basis.
F2 Each outstanding share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the holder or automatically upon the occurrence of other events set forth in the Issuer's certificate of incorporation.
F3 In connection with the voluntary conversion described in footnote 1, the outstanding options to purchase shares of Class B Common Stock remain unchanged, except that they now represent the option to purchase Class A Common Stock.
F4 The shares subject to this option are fully vested and exercisable as of the date hereof.
F5 Represents a transfer for no consideration for estate planning purposes.

Remarks:

As of the date of this Form 4, the Reporting Person also owns an aggregate of 8,968,280 shares of Class B common stock of the Issuer. Each Class B common stock is convertible at any time into one share of the Class A common stock of the Issuer.